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Chrysler-Fiat deal would spawn new look for U.S. automaker

As Chrysler LLC negotiates an alliance with Fiat S.p.A. that would satisfy the Obama administration, sources say the companies are discussing a revised ownership structure, a new board and possibly a different management team for Chrysler. Among the options being discussed is a direct role in Chrysler's operations for Fiat CEO Sergio Marchionne--possibly even the chief executive's job.

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.

Design Contest: Car Design Awards China

阅读本文中文版本请点击这里 Inspiring and developing the creative talent of China's students is the goal of the Car Design Awards China 2010, a competition launched by CDN. Now open for registration to design students based in China, the competition aims to further improve the quality of designs emerging from what will soon be the largest automotive market in the world. Students are asked to work to briefs set by three automotive manufacturers - GM PATAC, PSA-Peugeot/Citroen and Volkswagen - with the entries judged by a panel of design directors from both international and domestic OEMs.